Everybody asks me if Rome is expensive, so I will give some examples of why I think that aside from airfare, a vacation in Rome is cheaper than a vacation in any US city.
Our apartment central Rome for one month costs the same as one month in Portland this coming January.
Meals in Trasteve restaurants cost 30-35 euros per couple including wine. A higher end restaurant like La Campana by my old office was E 49, including service and wine.
Bus fare is E 1 per 90 minutes.
Museum entrance is E 6-8 depending on whether you buy singly or in groups.
A large glass of wine in a sidewalk cafe E3.5 service included. A coke or a glass of beer the same.
Internet access, free in cafes or over provincia de Rome network
A plate of funghi porcini mushroom pasta 10-12
Buccatini amatriciana at Lilli E 10.
a newspaper E 1.
A wonderful freshly made sandwich of pizza biancha, with prosciutto and mozzarella is E 3.
¼ pound of prosciutto in the pork store is E 2.5
A very fresh and softball size ball of mozzarella is E 4.5- 5.0
Coffee and a cornetto E 2.
A rental car unlimited miles E 44 per day
A double room with bath in a country agritourismo, breakfast and 3 course meal (excellent lamb and porcini) with wine included for 2, E 94
In my non-professional economist opinion, the US has had inflation, Europe has not. The US inflation has not showed up in prices but in a devaluation of the dollar. It’s still inflation, but the usual way of tracking it isn’t working anymore. The dollar is priced against the Lire exactly where it ought to be, maybe a little on the high side. It's not that Europe is expensive, the US has devalued its currency to hide the fact that we are having inflation. (not sure what any professional economists i know would say to that)
mg